EU Notebook

Updated April 12, 2001 12:01 a.m. ET

NOT SO FAST: The European Commission and Parliament haggle over fast-tracking financial-services measures.

The commission and European Union member states agreed in Stockholm to create two special bodies -- one comprised of finance officials from each EU member, another made up of national financial-markets regulators -- with the power to issue most of the rules that will ultimately create a pan-European financial market. That would...